The Limestone Boat Company Confirms Intention to Restructure in Q1

January 16, 2023

COLLINGWOOD, Ontario, Jan. 16, 2023 (GLOBE NEWSWIRE) — The Limestone Boat Company (“Limestone” or the “Company”) (TSXV: BOAT | OTCQB:LMSBF) – owner and builder of Aquasport Boats, Limestone® Boats and Boca Bay Boats – announces today that it has provided a notice of default under its trust indenture, dated May 14, 2021, between Limestone and TSX Trust Company as trustee (the “Indenture“) in connection with the Company’s failure to make the interest payment due under the Indenture on January 3, 2023.

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